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US says BP to pay US$20 billion in fines for 2010 oil spill

2015-10-05 22:34:54| Oil & Gas - Topix.net

Fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon, off Louisiana, in this handout photograph taken on April 21, 2010 and obtained on April 22. REUTERS/U.S. Coast Guard/Handout BP Plc will pay more than US$20 billion in fines to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago, marking the largest corporate settlement of its kind in U.S. history, Attorney General Loretta Lynch said on Monday. The agreement, first outlined in July, adds to the US$43.8 billion BP had previously set aside for criminal and civil penalties and cleanup costs.

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